Risk assessment 3 - Essay Example

Here we have production of the Formaldehyde that is supplied to a number of Industrial Customers throughout the UK and Europe. The main problem we are facing is with the place where our company is situated. This place is outside the industrial centre of the city and is relatively close to three housing estates and a small village, which in total have a population of 3000 people. The next problem is the tributary to the River Dee that passes directly alongside to company’s site boundary. This River is a successful habitat for salmon and other species of wildlife.

Our production of Formaldehyde and industrial wastes are danger to these habitats. The main advantage of this location is the facilities of adjacent road and rail network which is utilized to transport our products. And also this plant is here over 40 years and it is really a prime location. There is also leakage from the tanks of Formaldehyde because a small formaldehyde leak from an on site storage tank about three years ago. The leakage was contained within the tank storage bund. There is a great danger to the levies of employment and residential people those are approximately 1250 persons.

The production of the formaldehyde is a major bossiness constitute of our company so we did not stop its production. The thing we can de is the enhancement of companies overall working system. For this all we have to do a compliance risk analysis research and the identification of weak sectors where we need to so work. The main purpose of this report is to streamline the major risk factors and devising a mitigation plan for there resolution. In this section I will present a detailed risk assessment using a quantitative method.

The main purpose of this assessment is to discover risks to our business from the on site process and transportation off site of formaldehyde. Here I have selected the event tree analysis